DUBLIN--(BUSINESS WIRE)--The "Global Sulfur Market - Growth, Trends and Forecasts (2017 - 2022)" report has been added to Research and Markets' offering.
The increasing demand from the fertilizer manufacturing sector, coupled with increasing usage of sulfur for vulcanization of rubber are the main factors driving the growth of the global sulfur industry. Moreover, owing to the fall of crude prices, refineries across the globe are engaging in capacity expansion and other brownfield activities, leading to higher demand for sulfur.
The demand for sulfur is also anticipated to be driven by the increasing usage of elemental sulfur as a major ingredient in the vulcanization process implemented to manufacture rubber. However, the enactment of stringent environmental regulations restricting the usage of sulfur and the high costs associated with its mining, are the key factors hindering the sulfur market growth.
The global market is segmented based on end-user applications, including agrochemicals, chemical processing, metal manufacturing, petroleum refining, and others. In 2016, the agrochemical industry occupied the largest share in terms of sulfur consumption. It is expected that the healthy growth of the phosphate fertilizer market will drive the global sulfur market over the forecast year.
Geographically, the market has been segmented into North America, South America, Europe, Asia-Pacific, and Middle East & Africa. Asia-Pacific represents the largest market in terms of consumption and production of sulfur. In the region, China is expected to be one of the largest producers of sulfur and sulfuric acid. Currently, the country imports more than a third of the global sulfur trade.
- Rising Demand from the Fertilizer Manufacturing Sector
- Capacity Expansion of Petroleum Refining Plants
- Increasing Usage of Sulfur for Vulcanization of Rubber
- Abu Dhabi National Oil Company
- Guangzhou Petrochemical
- Sinopec Corp.
- Oao Gazprom
Key Topics Covered:
2. Executive Summary
3. Market Insights
4. Market Dynamics
5. Market Segmentation and Analysis
6. Regional Analysis
7. Future of the Market
8. Competitive Landscape
9. Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/q26kjc/global_sulfur